quote:

Originally posted by Fir3start3r So clearly you aren't giving the whole picture Krypton...

+1

you guys should try reading the annual report or the 10K (specifically page 41 in the 10K which can be found in the link below). In 2007, XOM paid over 100 billion in taxes (income, sales, and other taxes) to governments. Most of those taxes are probably to foreign governments, however. XOM paid 30 billion in income taxes alone. It had an Effective tax rate of 44% - that's pretty high. The 44% ETR probably means that exxon was subject to high foreign taxes and was unable to secure US foreign tax credits for the foreign taxes paid. Not many corporations pay taxes like exxon. Even worse for exxon, the effective tax rate increased to 49% in the most recent quarter. check out the 8K for the second quarter.


http://ir.exxonmobil.com/phoenix.zh...5024&p=irol-sec

Last edited by jerZ07002 on Aug-05-2008 at 14:59